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20121129
20121207
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the fiscal cliff mess. the dow is down right now for the month. it's pretty close, though. the s&p and the nasdaq are on track for winning months. here's how we stand now. a bit of volatility. not as much as we've seen lately. i will point out there's a rebalancing of a major international index occurring on the close today, so we're going to get a bunch of volume, maybe more volatility. we'll watch that through the final hour. right now the dow is down 24 points at 12,997. we're back below 13,000 at this hour. the nasdaq, as we said, positive for the month, is down 8.5 points right now. still above 3,000 at 3,003 and change. the s&p 500 is down three points. a little selling here in the beginning of the last hour, now at 1412. as we head into the last month of the year and closer to that fiscal cliff, how should you be positioning yourself right now? let's find out in our "closing bell" exchange today. mark, are you trying to look past this or trying to play the volatility right now that we're experiencing these days? >> no, for our clients, when we're managing money for our cli
down. >> are you worried about the fiscal cliff? how is business going? you're an entrepreneur in your own right. i want to talk to you about business, but how you preparing for the cliff? >> well, there's no way one can be preparing. you have to be think about uncertainty as you make your investment decision. in terms of fiscal policy, obviously there's a great goal between the republicans and the democrats. at least there's a bit of talk on the table now. hopefully that can start to narrow. we're certainly still living in uncertain times. we're cognizant of that as we inves invest. >> as a small business owner, how would you characterize business right now? your jewelry line, small business activities pmplg. >> i've had the good fortune of creating a fashion brand. i have jewelry, shoes, handbags, et cetera. i found a niche within the market hthat's looking for affordable price points. it's really been resonating very well. >> sounds like you're on style, actually. ivanka, good to have you on the program. we look forward to you ringing the bell and lighting the christmas tree out her
. that tells a story right there. if we go across the fiscal cliff, we will have an economic contraction or slow down at best. >> how are things looking right now ahead of the holidays? i'm sure your company is real busy, fedexing gifts. what are your expectations for this holiday season? >> well, you know, the 300,000 wonderful teammates of fedex are working very hard. we publicly forecast a couple weeks ago that on the 10th we would move 19 million shipments through our network. that's up about 11% year over year. e-commerce is causing a significant amount of growth. retail sales are going to be up some place in the 3.5% and 4%. we think absent going over the cliff and absent tax reform, u.s. gdp around 2% next year. worldwide, about 2.5%. >> real quick, we have to ask you your plans. you had said at some point you would leave the ceo role as soon as 2013. is that still in the cards? what's the succession plan? >> well, we have a strong team at fedex that manages the company. the strategic management committee of nine people. lots of people that can do my job without missing a beat. i
're down to 26 days. bob, can you really make a deal on the fiscal cliff when the negotiation is out in public? do you think we'll get a deal done? that's what everybody wants to know. >> if everybody thinks we ought to get to a deal, we'll get to a deal. the public part of this, obviously, it's different. you got to get 435 people to vote in the house and 100 in the senate. different than getting a board to approve a fundamentally, getting to a deal is about understanding expectations. this public thing is a very good point. it couldn't be different. when two ceos are meeting to do a merger negotiation, one guy shows up in jeans, and the other guy has sunglasses on. they meet at the o'hare hilton. they don't want anybody to know about it. >> wait a minute. let's point this out. go ahead, jeff. >> the risk is taking the worst part of what wall street does, which is this negotiation of do a deal, do a deal, do a deal, do any deal. that's what happened with hp-autonomy. that's what you don't want to take from wall street in this situation. >> let's face it. a ceo is judged on success b
point. >> companies are getting more concerned about the fiscal cliff. in fact, you won't believe how many are mentioning in their s.e.c. filings. >>> will the housing comeback fall off the cliff if we don't get our fiscal house in order by the end of the year? the ceo of prudential joins us later. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. >>> how important is the fiscal cliff to the companies in your portfolio? apparently the answer is very. the blog footnoted counted 279 mentions of the fiscal cliff in s.e.c. filings for the month of november. that compares to 120 mentions of the fiscal cliff in october. there were none last year at this time, by the way. the first time i ever heard the fiscal cliff, first person i heard mention it, you, back in february. i'm wondering, what the heck is she talking about? >> it was in my bedtime reading. obviousl
Search Results 0 to 4 of about 5